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Corporate Highlights - IT firm HCL Infosystems has received an order from Punjab and Sind Bank (PSB) to provide smart card-based solutions in over 1,500 villages across the country for an undisclosed amount. The partnership aims to facilitate the provision of smart card-based technology solutions for financial inclusion, besides engaging and managing business correspondents deployed in unbanked villages allotted to PSB.

• The Bangalore headquartered Puravankara Projects Ltd, a leading real estate company which operates in mid and luxury segment, is aiming to go aggressive in the affordable housing segment in the country and is looking at investing between rs 500 crore to rs 1000 crore in Kerala in all the segments in the next two years. The focus area of the affordable housing segment would be the Tier II and Tier III cities.

• Ipca Laboratories said that its formulations manufacturing unit at a Special Economic Zone in Indore has received the UK health regulator's approval for good manufacturing practices. The company's new formulations manufacturing unit at SEZ Indore has been inspected and certified for compliance with principles and guidelines of good manufacturing practices by the UK Medicines and Healthcare Products Regulatory Agency.

• The debt-ridden Anil Dhirubhai Ambani Group (ADAG) Company, Reliance Communication (RCom) completed final documentation with China Development Bank (CDB) for Rs 6,000 crore ($1.33 billion) loan facility. The facility is fully underwritten by CDB, and will be funded by a syndicate of Chinese banks/ financial institutions including CDB. This represents the fist and largest ever syndicated loan for refinancing spectrum fees, the company said in a filing to the stock exchanges.

• India's largest mobile operator Bharti airtel is on top when it comes to subscriber complaints related to billing, metering and tariffrelated issues and activation of value-added services without customer consent. In the last three years, Trai received as many as 3,571 complaints from Bharti airtel subscribers, 2,151 from Reliance customers and 1,896 from Vodafone Essar's clientele.

Economic Highlights

• Tourist hotspot Goa recorded the highest per capita income among all states and union territories during 2009-10, while Bihar bagged the last spot. In a written reply to the Lok Sabha, Minister of State for Planning and Parliamentary Affairs Ashwini Kumar said that Goa topped the list with an annual per capita income (PCI) of Rs 1, 32,719 in the last fiscal. It was followed by the union territory (UT) of Chandigarh at Rs 1, 20,912 and Delhi at Rs 1, 16,886. In contrast, Bihar recorded the lowest PCI of Rs 16,119 in the same period.